A cancelled NBA season could knock ~$0.27/share off expected earnings of $1.71 next year at Foot...

|About: Foot Locker, Inc. (FL)|By:, SA News Editor

A cancelled NBA season could knock ~$0.27/share off expected earnings of $1.71 next year at Foot Locker (FL -2.7%), the footwear chain that derives ~35% of sales from basketball categories, UBS says. The uncertainty could negate an expected strong Q3 report tomorrow, but any share weakness may prove a buying opportunity, as long-term trends remain encouraging.